Lamps & Lighting - Haiti | Statista Market Forecast

In Haiti, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$36.32m.
It is anticipated that the market will experience an annual growth rate of 7.24% (CAGR 2024-2029).
Comparing globally, United States generates the highest revenue in this segment, reaching US$32bn in 2024.
When considering the population, per person revenues of US$3.06 are generated in Haiti in 2024.
Despite the economic challenges faced by Haiti, the demand for affordable and energy-efficient lamps and lighting solutions is steadily increasing.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Haiti has been experiencing steady growth in recent years, driven by customer preferences for energy-efficient and cost-effective lighting solutions. The market has also been influenced by local special circumstances and underlying macroeconomic factors.

Customer preferences: in the Lamps & Lighting market in Haiti have shifted towards energy-efficient lighting solutions. This trend is driven by increasing awareness of the environmental impact of traditional lighting options and the desire to reduce energy consumption. Customers are opting for led lights, which offer long lifespans and low energy consumption compared to traditional incandescent bulbs. Additionally, customers are also looking for cost-effective lighting solutions, as electricity prices in Haiti are relatively high. led lights not only provide energy savings but also have a longer lifespan, reducing the need for frequent replacements. Trends in the Lamps & Lighting market in Haiti are also influenced by global and regional market developments. The global push towards sustainable development and the increasing availability of energy-efficient lighting options have contributed to the growth of the market in Haiti. Manufacturers and suppliers are responding to this demand by offering a wide range of energy-efficient lighting products. This trend is expected to continue as the government and international organizations promote sustainable energy practices.

Local special circumstances: in Haiti also play a role in shaping the Lamps & Lighting market. The country has a limited and unreliable electricity supply, with frequent power outages and voltage fluctuations. This has led to a demand for alternative lighting solutions such as solar-powered lamps and battery-operated lights. These products provide a reliable source of lighting during power outages and are particularly popular in rural areas where access to electricity is limited.

Underlying macroeconomic factors: such as economic growth and infrastructure development, also contribute to the development of the Lamps & Lighting market in Haiti. As the economy grows and more households and businesses are able to afford lighting solutions, the demand for lamps and lighting products increases. Additionally, infrastructure development projects, such as the expansion of electricity grids and the construction of new buildings, create opportunities for the installation of lighting systems. In conclusion, the Lamps & Lighting market in Haiti is developing in response to customer preferences for energy-efficient and cost-effective lighting solutions. The market is also influenced by global and regional trends towards sustainable development. Local special circumstances, such as limited access to electricity, drive the demand for alternative lighting solutions. Underlying macroeconomic factors, such as economic growth and infrastructure development, also contribute to the growth of the market.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.